Closing 'old' redundant bank account

youtellme90

I have an old Barclays Bank Account (17 years old) that I no longer use, it has no overdraft, but appears as £0 on my credit file, rather than nothing being shown.

I now have 4 other bank accounts (First Direct, Nationwide, Lloyds, TSB) which have been open for a maximum of 14 months. Am I better off leaving the Barclays account open? Or would it be better to close it?

I don't know if having a 'long standing' (even if redundant) bank account is better than having a relatively new one? I regularly check the account to ensure it's having no fraudulent use, but is it just extra weight?

Thanks for the advice in advance.

Archi_Bald

Put a couple of standing orders on it, and enough money to service them, then switch the account to Halifax for the £100 they pay? Therafter, satisfy the minimum requirements for their Reward account and get paid a fiver a month?

rb10

Most credit scoring systems look slightly favourably upon someone whose longest account has been open for over 2-3 years, so it is acting (a little) positively there.

Unless you have a First Direct regular saver, it might be worth closing that one instead?

youtellme90

rb10 wrote: »

Unless you have a First Direct regular saver, it might be worth closing that one instead?

Sorry I don't quite understand? Closing the First Direct Regular Saver?

Or you mean, unless I use the First Direct Saver, it might be worth closing the First Direct account?